Analysts Set Enlight Renewable Energy Ltd. (NASDAQ:ENLT) PT at $33.80

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) has been assigned an average rating of “Hold” from the seven analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $34.40.

ENLT has been the topic of several research analyst reports. Roth Capital upped their price objective on shares of Enlight Renewable Energy from $30.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Enlight Renewable Energy in a research note on Thursday, October 30th. Barclays raised their price objective on shares of Enlight Renewable Energy from $34.00 to $41.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. lifted their price objective on shares of Enlight Renewable Energy from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Finally, Wall Street Zen cut Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 10th.

Hedge Funds Weigh In On Enlight Renewable Energy

A number of large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its position in Enlight Renewable Energy by 1.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 45,693 shares of the company’s stock worth $1,409,000 after buying an additional 472 shares during the last quarter. Mariner LLC raised its stake in shares of Enlight Renewable Energy by 4.1% during the third quarter. Mariner LLC now owns 10,070 shares of the company’s stock worth $314,000 after acquiring an additional 396 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Enlight Renewable Energy by 1,734.8% in the 3rd quarter. Bank of America Corp DE now owns 97,684 shares of the company’s stock worth $3,044,000 after acquiring an additional 92,360 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Enlight Renewable Energy by 129.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 82,272 shares of the company’s stock worth $2,537,000 after acquiring an additional 46,368 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Enlight Renewable Energy by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 1,920,888 shares of the company’s stock valued at $59,253,000 after purchasing an additional 53,103 shares in the last quarter. 38.89% of the stock is owned by hedge funds and other institutional investors.

Enlight Renewable Energy Trading Down 0.9%

NASDAQ:ENLT opened at $37.47 on Friday. Enlight Renewable Energy has a 52-week low of $14.01 and a 52-week high of $39.62. The stock has a fifty day moving average of $32.95 and a 200 day moving average of $26.53. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.88 and a quick ratio of 0.88.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.09. The firm had revenue of $165.06 million for the quarter, compared to analysts’ expectations of $146.04 million. Enlight Renewable Energy had a return on equity of 7.41% and a net margin of 22.60%. Enlight Renewable Energy has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Enlight Renewable Energy will post 0.41 EPS for the current fiscal year.

Enlight Renewable Energy Company Profile

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.